Fund Evaluator:
Neuberger Intrinsic Value A (NINAX)
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Fund Details
Neuberger Intrinsic Value A Overview
Neuberger Intrinsic Value A (NINAX) is an actively managed U.S. Equity Small Blend fund. Neuberger Berman launched the fund in 2010.
The investment seeks long term growth of capital. The fund invests mainly in common stocks of small- and mid-capitalization companies, which it defines as those companies with a total market value between $50 million and $10 billion at the time the fund first invests in them. It may continue to hold or add to a position in a stock after the company's market value has increased above or decreased below this range.
About Neuberger Intrinsic Value A (NINAX)
There are 3 members of the management team with an average tenure of 16.24 years: Amit Solomon (2010), James McAree (2010), Benjamin Nahum (2010). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 Value TR USD index with a weighting of 100%. Neuberger Intrinsic Value A has 106 securities in its portfolio. The top 10 holdings constitute 26.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Neuberger Intrinsic Value A is part of the Equity global asset class and is within the U.S. Equity fund group. Neuberger Intrinsic Value A has 4.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.5%. There is 4.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Neuberger Intrinsic Value A has 1.5% of the portfolio in cash.
Assets Under Management
The fund has $48 million in total assets, which is below the $685 million average for the Small Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NINAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Neuberger Intrinsic Value A expense ratio is high compared to funds in the Small Blend category. Neuberger Intrinsic Value A has an expense ratio of 1.33%, which is 27% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Neuberger Intrinsic Value A has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 66% for the Small Blend category.
Recently, in the month of July 2026, Neuberger Intrinsic Value A returned -6.0%, which earned it a grade of F, as the Small Blend category had an average return of -2.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Neuberger Intrinsic Value A has a trailing yield of 0.00%, which is below the 0.42% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Neuberger Intrinsic Value A Grades
Year to date, the fund has returned 19.3%, 1.2 percentage points better than the category, which translates into a grade of B. The fund has returned 41.7% over the past year (grade of A), 14.8% over the past three years (grade of B) and 7.1% per year over the past five years (grade of C) and 11.7% per year over the past 10 years (grade of A).
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NINAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NINAX Return (NAV) | -6.0% | 2.8% | 41.7% | 14.8% | 7.1% | 11.7% |
| NINAX Grade | F | F | A | B | C | A |
| +/- Category | -3.2% | -2.4% | 13.5% | 1.4% | -0.5% | 1.4% |
| Small Blend Avg | -2.8% | 5.2% | 28.3% | 13.5% | 7.6% | 10.3% |
| NINAX Tax Cost Ratio | na | na | 1.0% | 0.4% | 0.8% | 1.0% |
NINAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NINAX Return (NAV) | 19.3% | 17.8% | 7.2% | 13.5% | -20.5% | 26.0% | 26.6% | 24.5% | -10.5% | 16.3% | 11.7% |
| NINAX Grade | B | A | F | D | F | B | A | C | B | B | F |
| +/- Category | 1.2% | 9.9% | -4.4% | -3.0% | -4.0% | 2.8% | 12.3% | -1.0% | 1.3% | 2.2% | -8.5% |
| Small Blend Avg | 18.2% | 7.9% | 11.6% | 16.5% | -16.5% | 23.2% | 14.4% | 25.5% | -11.8% | 14.1% | 20.2% |
| Risk Measures | |
| Standard Deviation: | 19.3% |
| Total Risk Index: | 1.57 - High |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (69% Rank) |
| Beta: | 1.20 |
| R-Squared: | 66% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1448 Mil |
| Fund Total Assets: | $ 49 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 12% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 16.2 years | |||
| Average Tenure: 16.2 years | |||
| Managers (Year): Solomon Amit (2010), McAree James (2010), Nahum Benjamin (2010) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 106 |
| % in Top 10 Holdings: | 26.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.0% |
Portfolio Allocation |
|
| Domestic Stock: | 94.5% |
| Foreign Stock: | 4.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.5% |
Purchase Information
| Fund Family: | Neuberger Berman |
| Phone Number: | 800-877-9700 |
| Website: | www.nb.com |
| Status: | Open |
| Inception Date: | May 10, 2010 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.33% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Neuberger Intrinsic Value I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
